Advent International, a global private equity investor, today announced that it has entered into a definitive agreement to sell Prisma and Newpay, subsidiaries of Group Prisma, an Argentine payments company, to Visa Inc (NYSE:V).

During Advent’s ownership, the group underwent a strategic transformation, resulting in the separation of the business into three focused and independent platforms — Prisma, Newpay, and Payway. This transaction represents the sale of two of the three platforms, with Advent retaining ownership of Payway, the group’s merchant acquiring business.

Prisma is an issuer processing platform in Argentina, processing more than six billion transactions annually as a trusted partner to the country’s leading banks. Newpay provides payments and cash access infrastructure in Argentina, enabling real-time account-to-account payments — including instant transfers and Transferencias 3.0 (Pagos con Transferencias) — and interoperable QR payments across the ecosystem. Newpay also provides electronic bill payments (PagoMisCuentas) and is an ATM operator in the country (Banelco).

The transaction highlights the strategic value of Prisma and Newpay as important payments infrastructure in Argentina, supporting everyday payment flows and connecting financial institutions, merchants, and consumers across the country. The acquisition marks an accelerated evolution for Prisma and Newpay, pairing a global payments network with a scaled local platform to drive innovation, operational resilience, and expanded capabilities for clients.

“This transaction reflects the strength of the platforms the Prisma team has built and the valuable role they play in Argentina’s payments ecosystem,” said Juan Pablo Zucchini, a Managing Partner at Advent. “We believe Visa is well positioned to support the continued evolution and long-term success of Prisma and Newpay, and remain excited about the opportunities that lie ahead for Payway.”

As a standalone growth platform, Payway will continue to expand into higher-value merchant solutions such as instant payments and QR, fraud and security solutions, and embedded financial services. These initiatives are expected to deepen merchant relationships and expand recurring revenues as digital payments adoption continues to accelerate.

“Advent has played a central role in helping to shape our value creation agenda, which has focused on technology modernization and product innovation, alongside continuous improvements in service quality, reliability, and client experience, all designed around supporting clients and long-term partnerships,” said Martin Kaplan, CEO of the Group, who will remain as Payway’s CEO. “We’re thrilled to continue working with the Advent team, and see significant long-term potential in Payway as a standalone platform, supported by the continued digitization of Argentina’s economy, a steady shift from cash to electronic payments, and increasing demand for advanced merchant solutions.”

“Over the course of our partnership with Group Prisma, our focus has been on building resilient, independent platforms with clear strategic positioning,” said Chris Egan, a Managing Partner at Advent. “We are proud of the growth and the results that the Group has been able to achieve, and are confident that, under Visa’s ownership, Prisma and Newpay will continue supporting businesses across Argentina, helping merchants, financial institutions and service providers operate more efficiently and serve their customers better.”

Advent has deep global payments experience and a long-standing presence in Argentina. Since 2008, the firm has invested or committed US$9.4 billion in eighteen payments companies globally. Recent investments in the sector include Nuvei, myPOS, Mangopay, and Medius. In parallel, Advent has invested in six Argentine businesses since 1998 across pharmaceuticals, consumer, and financial and business services.

The transaction is subject to closing conditions and is expected to close in Q1 2026.